Nassau Financial Group Announces $100 Million Strategic Investment from Wilton Re and Stone Point Credit
Nassau Financial Group Announces $100 Million Strategic Investment from Wilton Re and Stone Point Credit
01/11/21, 11:34 AM
Location
hartfordMoney raised
$100 million
Nassau Financial Group (“Nassau”) announced it has received an initial strategic investment of $100 million from Wilton Reassurance Company (“Wilton Re”) and Stone Point Credit (“Stone Point”). The strategic investment was made through the issuance of a new series of non-cumulative perpetual preferred equity and may be significantly increased as Nassau’s business grows.
Company Info
Location
hartford, connecticut, united states
Additional Info
Nassau Financial Group, based in Hartford, Conn., has combined assets of $26.9 billion, capital of $1.1 billion and annual sales of approximately $600 million. Its business covers four segments: insurance, reinsurance, distribution and asset management with principal subsidiaries including Nassau Life and Annuity, Nassau Re Cayman, Saybrus Partners, Nassau CorAmerica and Nassau Corporate Credit. For more information, visit www.nsre.com.